Irvine, KY—40336
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Irvine, KY
As of Oct '25, the median home price in Irvine, KY is $120,000, with a year-over-year change of -3.0%. This indicates that home prices in Irvine, KY are decreasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $120,000 | -3.0% |
| Single Family | $120,000 | -3.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $86,000 | -3.4% |
2 Bed | $109,000 | -2.7% |
3 Bed | $163,000 | 3.2% |
4 Bed | $178,000 | 5.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Irvine, KY
As of July '25, Rentcast reports the average rent in Irvine, KY is $789, with a year-over-year rent change of -13.5%. Per bedroom, the median rent as of July '25 in Irvine, KY is 1-bedrooms: $615, 2-bedrooms: $847. The most common rental property sizes in Irvine, KY are 2-bedroom and 3-bedroom, accounting for 41.9% and 24.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $695 | $789 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $615 | $615 |
| 2 Bed Rent | $795 | $847 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Irvine, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Irvine, KY is 74. This is a decrease of -16.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $229,000 | 28.0% |
Listing Count | 42 | 22.0% |
| Listings as % of Homes | 0.4% | 22.0% |
Days on Market | 74 | -16.0% |
Demographics — Irvine, KY
As of the latest ACS Survey released in 2023, Irvine, KY has a population of 12,600, which has remained stable by 0.4% over the past 5 years. Irvine, KY is a moderately popular place for families, as children make up 21.3% of the population. The area has a poorly educated workforce, with 9.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,600 | 0.4% |
% Under 18 | 21.3% | -2.3% |
% Seniors | 19.5% | 8.3% |
% WFH | 4.3% | -2.3% |
% w/ College Degree | 9.8% | -4.9% |
As of the latest ACS Survey released in 2023, Irvine, KY is a predominantly white area, with 95.9% of the population identifying as white. The white population has shrunk by 2.4% in the last 5 years. The second most common race or ethnicity in Irvine, KY is asian, making up 1.1% of the population. Foreign-born residents account for 1.8% of the population in Irvine, KY, and this percentage has increased by Inf% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 95.9% | -2.4% |
% Black | 0.1% | -50.0% |
% Hispanic | 1.0% | 900.0% |
% Asian | 1.1% | ∞% |
% Foreign Born | 1.8% | ∞% |
Mortgage and Risk — Irvine, KY
According to HUD data as of 2023, there were 130 mortgage originations in Irvine, KY, of which 60.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 43.0% above 90% LTV (very high). This implies large mortgage risk in Irvine, KY. Investor activity is low, as 1.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 130 |
% Conventional Loans | 60.0% |
% Government Loans | 40.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Irvine, KY
Irvine, KY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 232 |
Total Units Section 8 | 112 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 77.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $55 | $615 | $670 |
| 2 Bedroom | $75 | $795 | $870 |
| 3 Bedroom | N/A | N/A | $1,090 |
| 4 Bedroom | N/A | N/A | $1,200 |
Affordability — Irvine, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $120,000 |
| Median Household Income | $45,100 |